Liquidity and the stock market
In a market economy, a major service that money provides is that of the medium of exchange. Producers exchange their goods for money…
Read MoreDecember, 2018
Beyond GDP to a New Road to Serfdom
It is a commonplace that there is more to life than money and the material benefits that it may provide someone. We often make…
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The neutral interest rate myth
In his speech to the Economic Club of New York on November 28 2018, the Federal Reserve Board Chairman Jerome Powell said that…
Read MoreWhy velocity of money and the purchasing power of money are not related?
Some commentators are of the view that when the velocity of money rises, all other thing being equal, the buying power of money…
Read MoreWhy China should remove all trade tariffs
I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay…
Read MoreThe Imperial Presidency Embodies Political and Economic Hubris
Historian Arthur M. Schlesinger coined the term “imperial presidency” in the 1960s. It was meant to indicate that the role of the president of…
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